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Finding enough cash to get your small new business started or keep it running can be one of the biggest challenges you face as an entrepreneur. Here is a list of 8 different sources of business funding that can save your company’s future:

1. Friends and Family
Before you groan at the idea of hitting up your loved ones for cash, you should know that friends and relatives are one of the most common sources for startups. No one knows you or believes in you more than this crowd. And they may be some of the most forgiving lenders if your business hits a rough patch.

2. Banks
Small business loans are highly sought after as they offer the best interest rates and terms in the industry. The downside is that their loan requirements are also some of the most stringent, so those with less-than-perfect credit may find it hard to be approved.

3. Angel Investors
Google Inc. got its start with help from angel investors. While these folks will ask for a percentage of your company in return for their help, that help can be invaluable as many angel investors are former business owners themselves. They can offer helpful advice and expertise as well as needed working capital.

4. Venture Capital
If your firm is growing quickly with the potential to grow even faster soon, venture capitalists may be interested. They may also be able to offer advice and mentorship, but be aware that generally the top priority of VCs is to make money on their investments.

5. Online Lenders
Much quicker and easier than applying for a traditional small business bank loan, applying with online lenders is fast and simple. Approved loans can be funded within a few days. Online loans often come with higher interest rates though, so do your homework.

6. Crowdfunding
This relatively new type of funding involves many small investors pooling their money to invest in growing firms by means of online websites like Kickstarter or Indiegogo. Just be sure to understand all the terms before signing up so things like payment processing fees won’t be a surprise to you.

7. Factoring
For many companies there is a significant gap between the time they bill customers and the time the receive payment. Invoice factoring is the agreement of a lender to give you the money for those invoices up front, which you will then repay to the lender when you receive payment from your clients. This system buys you a buffer window to cover your expenses while you wait for payment.

8. Grants
These are typically available for companies that are based on science or research but there may be other grants available to other business segments. Obtaining a grant may require meeting requirements and jumping through hoops, but the cash infusion can be worth it in the end.

There are still other ways of funding a business. The possibilities are really endless when you are focused and ready to search until you find the right business financing.


Search for Small Business Loan Sources and receive your matched lender list
AND received FOUR free Business eBooks worth $39.95!
Search for Small Business Loan Sources